Tuesday, June 16, 2015
Millennials Demand Web Freedoms in ‘Digital Magna Carta’
BitShares 2.0 Plans to Adapt New SmartChains Cryptotechnology
BitShares, a blockchain-based financial smart contract platform has announced the upgrade of BitShares 2.0. The platform is now built on a system known as “Graphene toolkit,” which is developed by an independent blockchain development company founded by the core developers of BitShares, called Cryptonomex Inc.
With the implementation of a new crypto-technology called SmartChains, the soon-to-be released BitShares 2.0 reportedly is set to have the “Speed of the NASDAQ,” with a new “high-performance protocol and engine, capable of handling over 100,000 transactions per second.”
To test its efficiency and capability of the technology, the BitShares team had set up a pilot blockchain with 200,000 accounts, and issued an asset to every account, which involved around a million operations/transactions. After the creation of the blockchain, the BitShares team timed the duration of reindexing the blockchain without signature verification.
According to the press release of BitShares, “A single core of a 2.6 Ghz i7 is able to validate 10,000 signatures per second. Today’s high-end servers with 36 cores (72 with hyper-threading) could easily validate 100,000 transactions per second.”
Criticisms and Improvements
Previously, BitShares received criticisms from the cryptocurrency community and blockchain developers that the slow and inefficient performance of the platform negatively affects user experience, and that the model object fails to engage real-world usage.
As a response to the suggestions, the core developers of BitShares have designed a high performance blockchain technology specifically for cryptocurrencies and smart contract transfers. According to its developers, the newly built platform is designed to confirm transactions in just one second, allowing the system to process more transactions per second than MasterCard and VISA combined.
During the beta operation of BitShares, users also indicated two major problems with the previous version of BitShares:
- Nonstandard market matching algorithm discourages traders
- Insufficient incentives for new stakeholders to help grow the network.
Incentives and Rewards
To better incentivize and reward its users, BitShares has also introduced a referral rewards program, built directly into the software. Recognizing that the value of the BitShares network is derived from its user base, the platform is set to reward its users that encourage others to join the network in an automated way.
BitShares 2.0 is set to enter a public testing period for community feedback upon its completion, which will continue until everyone in the community is satisfied with the platform.
BitShares core development team is also planning to outsource some of the platform’s operations to Cryptonomex Inc., to create a “more robust, sustainable, and fair” smart contracts platform.
Santander: Banks and Innovators Should Join Forces to Create Fintech 2.0
Santander InnoVentures, Oliver Wyman and Anthemis Group have today published “The Fintech 2.0 Paper: Rebooting financial services.” The paper is presented as “a call to action to banks, financial institutions and financial technology (fintech) businesses to work together to undertake a fundamental ‘reboot’ of the core processes, systems and infrastructure of the banking industry.”
“The research underpinning the paper has identified several markets with huge potential,” said Emmet Rennick, head of innovation at Oliver Wyman. “In these areas banks can realize efficiencies, customers benefit from better services and [fintech startups] can grow their businesses.” According to Andrew Veitch, Director of Anthemis Group, “the greatest opportunity in the industry lies at the meeting point of large financial institutions and young, ambitious startups.”
According to the paper, fintech 2.0 will offer substantial opportunities, such as streamlining the processes surrounding the creation of $25 trillion of new mortgages issued annually across the globe. Elsewhere, an estimated $4 billion is lost through inefficiency in global collateral management within the asset leasing sector. These are two of several opportunities identified in the paper, which also outlines opportunities for banking innovation based on the “Internet of Things” (IoT), smart data, distributed ledgers and frictionless processes beyond payments and consumer credit.
A problem identified by the paper is that financial technology developers and startups (fintechs) are still operating only at the edges of banking. To help engineer more fundamental improvements to the banking industry, they must now be invited inside, to contribute to reinventing core infrastructure and processes in the financial system. According to the paper, such reinvention can only be brought forward by a collaborative endeavor of banks and fintechs working together as partners.
“Funds alone are not enough,” said Mariano Belinky, managing principal of Santander InnoVentures. “To move to the next phase of evolution in financial services, banks need to invite fintechs to work within our industry, even inside our own businesses. Santander is committed to achieving innovation by partnering with fintech startups. That means investing in funding but also giving access to our expertise, as well as utilizing our client base and our own innovation initiatives.”
Distributed ledger technology could save banks $15 billion-$20 billion per annum by 2022
In contrast to today’s transaction networks, distributed ledgers eliminate the need for central authorities to certify ownership and clear transactions. Distributed ledgers can be open, verifying anonymous actors in the network, or they can be closed and require actors in the network to be already identified – which seems to be the approach currently favored by most banks and mainstream financial institutions.
The paper acknowledges that Bitcoin represents the best existing example of distributed ledger, and goes on to identify important advantages of distributed ledgers: near-realtime and irrevocable settlements, robust P2P transactions verified by tamper-proof networks without central management cost overheads, and permanent records of all transactions that can be monitored and audited by all participants. According to the paper, it’s only a matter of time before distributed ledgers become a trusted alternative for managing large volumes of transactions.
The paper notes that international payments remain slow and expensive, and significant savings can be made by banks and end-users bypassing existing international payment networks, and suggests that distributed ledger technology could reduce banks’ infrastructure costs attributable to cross-border payments, securities trading and regulatory compliance by between $15 billion and $20 billion per annum by 2022.
The message to banks and to fintechs is the same, concludes the paper: “If you can’t beat them, you should join them to achieve Fintech 2.0.”
Photo by Peter Clayton / CC BY-SA 2.0
Chinese Mining Pools Propose Alternative 8 MB Block Size
HashingSpace Corporation Launches Bitcoin ASIC Mining and Hosting Operations
Bitcoin Press Release: US based HashingSpace Corporation is pleased to announce it is officially open for business. HashingSpace provides hosted Bitcoin ASIC mining, Bitcoin cloud mining solutions, and Bitcoin ATM’s, among other essential services to the Bitcoin ecosystem.
WENATCHEE, WA, June 16, 2015 – (OTC: MLSO) HashingSpace Corporation, a Bitcoin ASIC mining and hosting company, announced today that it has officially launched and is open for business. As an aggressively growing Bitcoin datacenter and hosting company, HashingSpace is excited to be a part of the revolutionary technology that Bitcoin and the blockchain has to offer the world.
“We are delighted to be a part of the Bitcoin marketplace at a time when consumer demand for Bitcoin mining opportunities are increasing,” shared Timothy Roberts, the Chief Executive Officer of HashingSpace Corporation.
“This is the first step in the implementation of our business plan with the goal to become a major provider of bitcoin solutions. We have created a website that will allow our customers to come on board and begin mining immediately. Once our customers are registered, we offer them a fully managed server system and the most advanced Bitcoin mining hardware currently on the market. Our customers can rest assured that their Bitcoin mining servers will be managed professionally, efficiently, securely and are fully insured.”
“With the availability to offer our customers a broad range of quality products, we are able to guide our customers on Bitcoin opportunities and solutions. We strive to provide a consistently positive experience for everyone who interacts with our services.”
HashingSpace Corporation’s business will provide a wide range of services to include:
· HASH HOSTING Servers fully managed and specifically set-up for ASIC MINING
· HASHATM Owner and operator of Bitcoin ATM machines
· CLOUDHASH Cloud mining servers that can be rented with full hashing power
· HASHWALLET Bitcoin wallet for bitcoin banking and transactions
· HASHPOOL Software as a Service Bitcoin mining pool
· HASH VAR A wholesaler of Bitcoin servers and Bitcoin ATM machines
HashingSpace has chosen Washington State for the first roll out of their Bitcoin ASIC mining datacenter solutions. Washington State was chosen because of the cost savings it will bring to HashingSpace’s customers. Because of Washington’s availability of hydroelectric power, mining Bitcoins with HashingSpace’s server farm will be more profitable due to low electricity costs.
About HashingSpace Corporation
HashingSpace Corporation is a Bitcoin ASIC mining company and hosting provider. HashingSpace’s 45,000 square foot, 2.5 megawatt datacenter is designed to meet the demanding power and cooling needs of clients’ hosted Bitcoin mining gear. The Corporation can house up to 20 PH/s of Bitcoin mining equipment today, and is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin mining industry specifically.
HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.
HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.
Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://ift.tt/1Bkk5H0 or call 1-855-427-4464.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact: HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)
Investor Relations: ir@hashingspace.com
About Bitcoin PR Buzz:
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
BuyAnyCoin: A Prepaid Crypto Card at Your Local Store
JUN 16 DIGEST: Goldman Sachs to Launch LendingClub Competitor; BTC Guild Leaves New York
Banks & Fintechs Must Collaborate to 'Re-Engineer' the Global Financial Services Industry
Quantopian: Giving Individuals the Tools to ‘Compete with Wall Street’s Best’
Monday, June 15, 2015
Bitcoin Advertising Platform BitMedia.IO Receives $100 000 Investment Offering Professional Bitcoin And Cryptocurrency Ad Options
Bitcoin Press Release: Founded by former CEX.IO executive officer Matvey Dyadkov, professional Bitcoin advertising platform BitMedia.IO is pleased to announce launch after receiving a $100 000 investment.
London based Bitcoin advertising network BitMedia.IO was co-founded by former executive officer of CEX.IO Matvey Dyadkov in 2014. BitMedia.IO was created to not only fill the need for a professional advertising service in the Bitcoin ecosystem, but also to expand the Bitcoin community and become its integral part. The project was made possible owing to a $100 000 investment made by the CEO of BitMedia.IO and a private angel investor. BitMedia.IO’s advertising engine has been coded from scratch and the team has extensive experience in working with Big-Data and High-Load technologies. They have applied their knowledge to build an unparalleled Bitcoin advertising network and continually optimize algorithms as much as possible.
The company can be proud of its professional and enthusiastic team, who successfully collaborate even though located in different parts of the world. Moreover, they have announced that new job opportunities are opening up shortly for skilled members of the digital currency community. Core members of the team include professional programmer and developer Matvey Dyadkov – BitMedia.IO CEO. Core developer and former Apple employee Paul Getta is responsible for the elaboration of the client side applications. Experienced senior marketer Donna Peterson manages the development and implementation of marketing strategies.
The professional Bitcoin advertising network offers good advertising and high quality traffic, complete anonymity, unique knowledge of the audience, fast and convenient settlements and application of brand new and powerful traffic analysis technologies. BitMedia.IO also offers effective ads at affordable prices with minimum bid price starting as low as 0.0001 BTC per click.
The main difference between BitMedia.IO and other Bitcoin advertising networks is that BitMedia.IO has been built from scratch by the passionate and experienced team. They have many years of professional experience in both advertising and Bitcoin industries. The team has successfully integrated this key knowledge and experience to produce a digital currency advertising network that is unprecedented in the world of Bitcoin. The team offers the highest quality service for their clients, and the platform has the most detailed analytics among all Bitcoin advertising networks.
BitMedia.IO’s algorithms automatically choose the most effective advertising space, taking into account the history of the impressions, and the interests of each visitor. By running multilayer advanced traffic analysis and proprietary algorithms to supply real and checked visitors only, BitMedia.IO thoroughly choose websites, focused on cryptocurrencies and Bitcoin in particular to place ads on.
BitMedia.IO’s experienced team has many plans for the future. One of them is to enter the RTB market. They are now working on the software that will enable them to exchange traffic with other ad agencies. The tech focused team is also exploring disruptive options like decentralised traffic exchange systems, with more details to come soon.
BitMedia.IO’s team strongly believes that the main factors holding Bitcoin back is that it is unknown, and misunderstood by many people. Through developing a custom built, cutting edge professional Bitcoin advertising network BitMedia hopes to play a key role in the mainstream adoption of Bitcoin and digital currencies.
Having received a $100 000 investment, BitMedia.IO is on the cutting edge of Bitcoin advertising with many plans to expand in the future. The company’s mission is to provide Bitcoin users with up to date information regarding new services and facilities, committed to the growth of Bitcoin as a fundamentally disruptive technology.
To learn more please go to: http://BitMedia.IO
Media Contact
Name: Donna
Email: donna@bitmedia.io
Media Kit link: https://goo.gl/Hd4y4z
About Bitcoin PR Buzz:
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
After Two Years of Development, Bitcoin Alternative Diamond Coin (DMD) Offers 50% Annual Interest
Bitcoin Press Release: Backed by the Diamond Foundation and an array of price stability mechanisms and professional services, long term valuable digital currency DMD is a stand-out in an increasingly crowded digital currency space. DMD is soon to celebrate its second birthday.
With almost 2 years of ongoing development, Diamond Coin’s philosophy is to create long term stability through sensible management and an ever expanding network of supporting services. Diamond Coin strives to be a stable and secure digital currency with 50% interest annually and advanced security protocols and algorithms.
The team’s unique approach overcomes challenges like inflation control, price volatility, security and sustainability by incentivizing holding rather than spending. Diamond Coin’s future plans involve an entire ecosystem of Bitcoin 2.0 decentralized services with an increasing spectrum of digital currency financial instruments.
DMD stake holders are automatically eligible for 50% interest per annum in a straightforward process known as “minting”. When minting the DMD adopter obtains some coins, and holds them in the Diamond Wallet for a given period of time which in turn generates new coins. Minting withdraws the DMD from the supply chain for staking, contributing to price stability, as well as securing the network through improved Proof-of-Stake technology.
In order to control DMD inflation and bring it in line with the annual rate of physical gold extraction, minting rewards will be successively reduced over the coming decades. The early adoption period for Diamond Coin has been set to last for a few years; a time frame that is uncommon in the digital currency industry. This requires a long term commitment that will translate into a slow but cumulative effect of organic growth. Such a model is also a pledge on behalf of the DMD developers to think strategically and long term.
To deal with price volatility the Diamond Coin ecosystem currently has two key mechanisms to help ensure the value remains stable. The first is the Diamond Multipool that allows participants with their own computer hardware to mine currencies with almost any algorithm and receive DMD in return. The second service Diamond Cloud Mining enables anyone to collectively mine BTC in the cloud and convert this into DMD payouts. The system has proven to be adaptive, sustainable and rewarding for its participants.
The Diamond Coin Foundation developers treat network security as a continuous challenge that needs to be addressed and developed to remain a step ahead of potential security threats. Improvements in protocols and software optimizations provide a streamlined client for the end user. Employing a Hybrid Security of two separate protocols working in tandem is the cornerstone of Diamond Coin’s security. To further strengthen security Diamond Coin implements ‘Reactor’, a protection tool that provides the benefit of additional safeguards along with the price stability mechanism of Diamond Cloud Mining.
Visit the official DMD website for more information: https://bit.diamonds/
To trade DMD with Bitcoin please go to: http://ift.tt/1GnzJka
Trade DMD on Bittrex: http://ift.tt/1fc1uDd
Visit Diamond Coin on bitcointalk: http://ift.tt/1GnzMfy
Follow DMD on twitter: http://twitter.com/dmdcoin
Media contact
Name: Aleksander Ray
Email: contact@bit.diamonds
City and Country Location: Manchester, UK
About Bitcoin PR Buzz:
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Digital Currency DNotes to Present at NASDAQ in New York – Builds on Bitcoin’s Shortfalls
Bitcoin Press Release: Bitcoin alternative DNotes’ co-founder Alan Yong will be joining the “Innovation Spotlight: Digital Currencies” panel at Silicon Dragon, to be held at the NASDAQ on June 22nd, 2015. DNotes is a second generation digital currency focused on long-term adoption, scalability, and solving real-world issues.
DNotes co-founder Alan Yong is pleased to be joining the Innovation Spotlight: Digital Currencies panel at this year’s Silicon Dragon event, to be held in New York at the NASDAQ on June 22nd. Alan Yong is an experienced tech entrepreneur having founded personal computer company Dauphin Technology in 1989. Francesco Rulli, President of bitLanders and bitCharities, will also be part of the panel, along with Sarah Martin, VP at Digital Currency Council. The panel will be moderated by Porter Bibb, Managing Partner at MediaTech Capital Partners.
Stable Bitcoin alternative DNotes is focused on long-term adoption and solving real-world issues for the unbanked and people worldwide from all walks of life. DNotes’ ecosystem includes the world’s first Cryptocurrency Investment Savings Plans (CRISPs) for retirees, employees, students, and children worldwide. CRISPs include a 100% deposit guarantee and bonus interest for retirement CRISPs participants. DNotes also funds cryptocurrency neutral site CryptoMoms in order to aid women’s participation in cryptocurrencies.
Bitcoin has correctly been credited as the most disruptive technology in the monetary system since the debit card. However, Bitcoin has been hit with countless negative headlines and has arguably settled with a very limited purpose as a speculative trading vehicle. Some believe Bitcoin is failing to meet the full function of money and gain mass acceptance as it is too costly to acquire, and too volatile as a store of value and medium of exchange.
But Bitcoin’s ground-breaking technology laid the foundation for improved and more advanced cryptocurrencies that have a real chance to make it into the mainstream and revolutionize the monetary system just as the debit card once did. The main innovation stemming from Bitcoin is trustless transactions, meaning transactions are fully decentralized and do not rely on a central bank or government. Bitcoin also introduced the primary innovation of blockchain technology; a public ledger where all Bitcoin transactions are recorded indefinitely together with all Bitcoin ‘blocks’ that have been mined to secure the network.
DNotes is the second generation Bitcoin alternative digital currency taking full advantage of the pioneer Bitcoin’s innovation while avoiding the pitfalls. It was clear early that DNotes strives to maintain reliable long-term appreciation building stability, trust, and currency value in line with fundamental value.
DNotes is a currency with a purpose with global initiatives to help solve global problems. There are currently 2.5 billion people worldwide that do not have a bank account, insurance, or are under-served by banks and financial service companies. DNotes is beneficial for the unbanked as it does not require a stable government, includes inexpensive transactions, minimal exchange fees, and near zero remittance costs for sending money to any country. No ID is required for people who do not have one or do not trust their governments. DNotes has the potential to change the wealth of nations and their citizens by enabling anyone, anywhere to tap into the emerging wealth creation opportunities provided by digital currency.
Bitcoin will most likely go down in history as one of the greatest technology revolutions in history. Bitcoin as a currency is an integral part of the technology pack, powered by the Blockchain as the most innovative protocol of decentralized distributed consensus ledger ever conceived. DNotes, designed from the ground up with a purpose as the stable trustworthy digital currency for everyone, is destined to possibly become the global Digital Currency of the future with lasting value. With an ecosystem that currently consists of DNotesVault, Cryptocurrency Investment Saving Plans and CryptoMoms, DNotes is the currency with the highest potential for mass global acceptance. The DNotes ecosystem consists of highly scalable buildings block to expand rapidly on a global scale at the most opportune time.
About Alan Yong:
DNotes Co-Founder Alan Yong is a well -regarded visionary since the early days of personal computers. He founded Dauphin Technology in 1989, which had contracts with the US Department of Defense, and is best known for creating the Dauphin DTR, the most powerful window-based miniature computer that competed head-on with Apple’s Newton computer that became the Apple Iphone as we know it today. In 2007, Yong co-founded Smokeys Daylily Gardens, one of the largest daylily growers in the world. Smokeys Daylily Gardens is the first merchant to accept DNotes as payment for its products.
About DNotesVault and CRISP:
DNotes is a currency for everyone – unborn to most senior, rich or poor. Over the last year DNotes successfully launched the world’s first Cryptocurrency Investment Savings Plans (CRISPs) for employees, children, students, and retirement. CRISPs provide a 100% guarantee matching fund verifiable on the transparent blockchain and embedded in DNotesVault.com infrastructure. For the first time, DNotes’ CRISPs and DNotesVault allow anyone worldwide to take advantage of the unprecedented opportunities provided by digital currency.
About CryptoMoms:
In 2014 DNotes founded Cryptomoms.com, an online community to encourage and assist women to participate in the emerging world of cryptocurrencies overwhelmingly dominated by men. Surveys from 2014 show that 95% of cryptocurrency participants are male even though women account for 50% of the buying power. CryptoMoms is a platform fully equipped with a forum, chat, information pages and a full guide on how to store, buy, and sell digital money. It is clear that in order for digital currencies to become truly mainstream the gender imbalance must be corrected.
About Silicon Dragon:
Silicon Dragon is a news, events, and research group covering innovation and investment hubs in the Silicon Valleys of the world, and provides insights to strategize and profit in the world’s top tech innovation centers. The next Silicon Dragon event will be held on the 22nd of June at the NASDAQ in New York where Alan Yong will be attending as a panelist on the Innovation Spotlight: Digital Currencies Panel.
For more information please visit: http://dnotescoin.com
To trade DNotes with Bitcoin please go to: http://ift.tt/1RhgQF9
To learn more about DNotesVault and CRISPs please go to: http://dnotesvault.com
Follow DNotes on twitter: http://twitter.com/dnotescoin
Media contact:
Name: Alan Yong
Email: Contact@DNotescoin.com
About Bitcoin PR Buzz:
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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